Objective-c – @synthesize vs @dynamic, what are the differences

Properties expose fields. Fields should (almost always) be kept private to a class and accessed via get and set properties. Properties provide a level of abstraction allowing you to change the fields while not affecting the external way they are accessed by the things that use your class.

public class MyClass
{
    // this is a field.  It is private to your class and stores the actual data.
    private string _myField;

    // this is a property. When accessed it uses the underlying field,
    // but only exposes the contract, which will not be affected by the underlying field
    public string MyProperty
    {
        get
        {
            return _myField;
        }
        set
        {
            _myField = value;
        }
    }

    // This is an AutoProperty (C# 3.0 and higher) - which is a shorthand syntax
    // used to generate a private field for you
    public int AnotherProperty { get; set; } 
}

@Kent points out that Properties are not required to encapsulate fields, they could do a calculation on other fields, or serve other purposes.

@GSS points out that you can also do other logic, such as validation, when a property is accessed, another useful feature.

The original code for the Cocoa frameworks came from the NeXTSTEP libraries Foundation and AppKit (those names are still used by Apple's Cocoa frameworks), and the NextStep engineers chose to prefix their symbols with NS.

Because Objective-C is an extension of C and thus doesn't have namespaces like in C++, symbols must be prefixed with a unique prefix so that they don't collide. This is particularly important for symbols defined in a framework.

If you are writing an application, such that your code is only likely ever to use your symbols, you don't have to worry about this. But if you're writing a framework or library for others' use, you should also prefix your symbols with a unique prefix. CocoaDev has a page where many developers in the Cocoa community have listed their "chosen" prefixes. You may also find this SO discussion helpful.